Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"
I personally refuse to use any KYC in crypto in general, because the whole point of using bitcoin and altcoins is to stay anonymous and to be able to send and receive transactions without having to worry about you identity, because the anonymity is what makes it way secure, so if you are telling me that i need to give my personal information in order to use a currency, than why i should not be using fiat and paying through the banks since it is more trusted. 
Topic: Why do you want NON KYC coin - page 3. (Read 428 times)
if you use KYC coin, privacy will certainly feel insecure and of course the data we have can be misused. especially when transacting, of course the taxes imposed on people who exchange Bitcoin will be suspended from state taxes, if the regulations of a country have legalized bitcoin. so what we need is secure transaction privacy and bitcoin already has Non KYC
Just interested to hear people's reasoning for wanting NON-KYC bitcoin.
There are obvious reasons why people choose to transact with BTC. Two of them are privacy and the no intermediary that would potentially hold your funds.Quote
Im guessing its so that one can deny ownership from "the man"
Are you talking about the tax man or authorities with "the man"? I don't know everyone's stand on taxation and regulation but there could be some people trying to evade taxes or avoid getting flagged by using bitcoin."The man" = government. Remember when they tried to take everyone's gold?
tl;dr it's for privacy purposes. With bitcoin being bought from non-kyc exchanges, it means that affiliation between the you and the coins will be significantly harder. Whether it's for tax avoidance, for sketchy payments purposes, or just simply the fact that the person is privacy paranoid(which isn't really a bad thing).
Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"
Bitcoin is already a "non-kyc" coin. We don't need to make any KYC or send any documents to be able to hold bitcoins.
Exchanges may (or not) require your documents because regulations demand them to do so. This is specially true when we are talking about tax gains, just like @LFC_Bitcoin said. THis is why regulations are so strict on exchanges, because governments wants taxes over your gains.
Although it is possible to avoid some taxes, it is very unlikely that we will be able to avoid all tax gains....
In my country we are able to sell about 6k USD per month without paying any taxes. This is a low value, but it is a way to avoid some taxes, even when you do KYC...
There's no called NON-KYC bitcoin, Bitcoin is Bitcoin just like a currency. I guess what you mean is tainted/dirty Bitcoin which come from hacking, casino or something illegal in some countries?
Usually many users want clean Bitcoin because the local exchange doesn't accept tainted Bitcoin, want to hide from police/gov/fbi etc or can be called money laundering.
I understand we didn't even know our Bitcoin Islam dirty or clean if we bought from exchange or got from someone, but I think there are some requirements before police sued/suspect someone.
IMO as long as you used decentralized exchange and it's doesn't come from illegal on your country, you'll be fine.
CMIIW
Usually many users want clean Bitcoin because the local exchange doesn't accept tainted Bitcoin, want to hide from police/gov/fbi etc or can be called money laundering.
I understand we didn't even know our Bitcoin Islam dirty or clean if we bought from exchange or got from someone, but I think there are some requirements before police sued/suspect someone.
IMO as long as you used decentralized exchange and it's doesn't come from illegal on your country, you'll be fine.
CMIIW
Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"
Probably so they don’t have to pay taxes on profits. I know that I would love to avoid paying tax on bitcoin when I sell. I’ve been HODLING many coins for over 7 years, it doesn’t feel fair that I should have to pay 20% tax on profits.
Just interested to hear people's reasoning for wanting NON-KYC bitcoin.
There are obvious reasons why people choose to transact with BTC. Two of them are privacy and the no intermediary that would potentially hold your funds.Quote
Im guessing its so that one can deny ownership from "the man"
Are you talking about the tax man or authorities with "the man"? I don't know everyone's stand on taxation and regulation but there could be some people trying to evade taxes or avoid getting flagged by using bitcoin.
Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"
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